JTC Draws Interest From Warburg Pincus, Gets Fresh Permira Bid

JTC Plc, the London-listed provider of fund solutions and corporate services, said it’s now engaging with suitors after attracting a rival takeover proposal from private equity firm Warburg Pincus and a revised offer from Permira.

Warburg Pincus has made a preliminary non-binding bid, after two earlier proposals were rejected, JTC said in a statement Friday confirming an earlier Bloomberg News report. The JTC board is now in early talks with Warburg Pincus, according to the statement. Shares of JTC jumped as much as 13% to their all-time high on Friday, giving the company a market value of ...